>> just on the defense sector alone, you're looking at $55 billion in cuts just to the defense budget. you have to look at the ancillary part of this. you look at real estate holdings, homes that are have a close proximity to defense. >> final question for you, todd, a major confusion going on here, it's about this so-called $250,000 there are hold for house holds, does this mean that all of the first $250,000 that you make is taxed at a higher rate, or just the money above $250,000? >> it's actually your taxable income. according to irs data, you will actually see that people that are earning $250,000 actually are itemizing up to $20,000. so in other words it's your net amount after those tax deductions, once you start getting into more tax deductions, once you're earning more, you actually expect that the number will go higher than 250,000 dlrks, some exists are predicting the number is going to be upwards of $300,000. so if you're making up to 300,000 and below, there's a good chance none of these taxes are going to impact you. >>> a popular mexican-american singer is missing, she